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4. Numerical problem I (15p) Suppose that the rate of return is 10%, the dividend growth rate 5%, and the next expected dividend 5. (a)

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4. Numerical problem I (15p) Suppose that the rate of return is 10%, the dividend growth rate 5%, and the next expected dividend 5. (a) What is the price per share today? (b) What is the price per share after ten years? (c) If the company wants the price per share after ten years to revert back to what it is today, how many new shares must the company issue per old share through stocks splits or stock dividends

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